Bloomberg News is reporting that Microsoft boss and uber-billionaire Bill Gates is leading an American investor group that has bought Egyptian construction conglomerate Orascom.
The deal includes the company's fertilizer business but not it's massive telecommunications empire that also operates under the Orascom name.
Orascom has long been one of the Pentagon's favored contractors on foreign construction projects.
How this deal will benefit the recently democratized people of Egypt remains unclear.
No comments:
Post a Comment